Fireswirl Provides Business Update in Connection With Recent Acquisition

VANCOUVER, BRITISH COLUMBIA, Oct 29 (MARKET WIRE) --
Fireswirl Technologies Inc. (TSX VENTURE: FSW) -

Tony Lau, Chairman and CEO of Fireswirl Technologies Inc ("Fireswirl" or
the "Company"), wishes to provide shareholders with a business update in
connection with the Company's recent acquisition:

On October 1, 2009, the Company acquired controlling interest of Beijing
Xingchang Xinda Technology Development Co., Ltd. ("XCXD"). Through the
acquisition, Fireswirl became a leading online retailer of mobile
handsets in China. The company is currently:

- the sole operator of the official Nokia Online Store in China
(www.shop.nokia.com.cn);

- the sole operator of the official Motorola Online Store "Motostore" in
China (www.motostore.com.cn);

- the sole operator of the official LG Online Store in China
(http://lgxcxd.mall.taobao.com); and

- the sole operator of the official Dopod Online Store in China
(http://shop.dopod.com).

The four international brands are among the top six mobile handset brands
in China in terms of online awareness, according to Baidu Data Research
Centre. Baidu is the most popular online search engine in China.

As the sole operator of the official online store for these international
brands in China, Fireswirl provides authentic mobile handsets with full
factory warranty to customers in over 1,800 Chinese cities. The company
also provides both online payment and cash-on-delivery payment solutions
to its customers to satisfy the diverse needs of the Chinese market.

About Fireswirl Technologies Inc.

Fireswirl Technologies Inc. (TSX VENTURE: FSW) is focused on creating
transactional revenue by engineering electronic and mobile commerce
solutions for content providers. The Company's technology has broad
applications for those requiring multiple payment interfaces,
multi-currency and multi-language capabilities. It can be adapted to any
industry seeking high volume or micro-payment solutions involving a wide
base of users through internet or wireless applications.

This news release contains certain forward-looking statements that
reflect the current views and/or expectations of Fireswirl Technologies
Inc. with respect to its performance, business and future events.
Investors are cautioned that all forward-looking statements involve risks
and uncertainties including, without limitation, those relating to
changes in the market, potential downturns in economic conditions,
foreign exchange fluctuations, general demand, competition and our
ability to implement our business plans and strategies in a timely manner
or at all. These risks, as well as others, could cause actual results and
events to vary significantly. Fireswirl Technologies Inc. does not
undertake any obligations to release publicly any revisions for updating
any voluntary forward-looking statements.

Neither TSX Venture
Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.

Contacts:
Fireswirl Technologies Inc.
Ji Yoon
Interim CFO
604-540-8805
604-677-6613 (FAX)
jyoon@fireswirl.com
www.fireswirl.com

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